LILONGWE-(MaraviPost)-Standard Bank on Friday, May 31, 2024 donated US$10,000 (MK17.2 million) to Ministry of Trade and Industry towards hosting Malawi Investment Forum (MIF) in Dar es Salaam, Tanzania.

The business forum is slated for June 12–13, 2024.

During cheque presentation at Trade Minstry’s offices in the capital Lilongwe, Standard Bank’s Head of Business and Commercial, Graham Chipande said the bank is committed to provide financial support towards the attainment of the Malawi 2063.

• Chipande said, “As a continuation of Standard Bank’s role in driving Malawi’s growth through trade and foreign direct investment, we are pleased to announce a contribution of U$10,000 (over MWK17.2 Million) to the Ministry of Trade to facilitate the country’s participation at next month’s Malawi Investment Forum in Dar es Salaam, Tanzania

• “This is a joint contribution between Standard Bank Malawi (US$5,000) and Stanbic Bank Tanzania (US$5,000). Last year in Johannesburg, South Africa, Standard Bank also partnered in the Malawi Investment Forum and made a similar financial contribution”.

• He added, “As a lead private sector partner for the MIF, Standard Bank looks forward to welcoming the new opportunities that the forum will generate. We also look forward to opening a platform where Malawian businesses and other professionals operating in Tanzania can enjoy the omnipresence and synergies of Africa’s biggest bank by assets.

• “We are keen to engage with all the partners that will bring bankable projects across various sectors. As trade sits at the centre of Africa’s inter-connected economy, it is one of the catalysts to help grow our country socially and economically. Hence, we are proud to be associated with the MIF in Tanzania”.

On his part, Minister of Trade and Industry Sosten Gwengwe said the forum is a platform for the country to showcase its investment opportunities and attract foreign direct investment.

He disclosed that the government will, among others, promote Malawi’s key sectors including Agriculture, Tourism, and Mining.

“I’m happy to accept to accept this generous sponsorship of US$10,000 from Standard Bank towards the Malawi-Tanzania Trade and Investment Forum. This significant contribution demonstrates the bank’s commitment to enhancing regional integration and unlocking Malawi’s investment potential for future prosperity.

“Standard Bank’s sponsorship will play a vital role in facilitating meaningful discussions, networking opportunities, and the exchange of innovative ideas among stakeholders. Your contribution will help bring together experts, policymakers, and business leaders to explore opportunities and address challenges in regional trade and investment,” lauds Gwengwe.

He added, “Together, let us work towards strengthening trade and economic ties between Malawi and Tanzania, through unlocking our nations’ full potential, and by creating a brighter future for our citizens.

“Standard Bank’s sponsorship will play a vital role in facilitating meaningful discussions, networking opportunities, and the exchange of innovative ideas among stakeholders”.

The Malawi Investment Forum to be held in Tanzania is under theme, “Enhancing Regional Integration for Malawi’s Investment Potential and Future Prosperity,” which resonates deeply with the nation’s development goals.